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Crane Co . had 2 1 0 0 0 0 shares of common stock, 1 9 4 0 0 shares of convertible preferred stock, and

Crane Co. had 210000 shares of common stock, 19400 shares of convertible preferred stock, and $603000 of 9% convertible bonds outstanding during 2025. The preferred stock is convertible into 40700 shares of common stock. During 2025, Crane paid dividends of $0.54 per share on the common stock and $1.80 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. Crane's net income for 2025 was $364000 and its income tax rate was 30%.
Basic earnings per share for 2025 is
$1.57.
$1.44.
$1.20.
$1.41.
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